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Credit: The Associated Press

In this April 28, 2017, photo, Atlanta Hawks forward Paul Millsap (4) shoots against Washington Wizards forward Jason Smith (14) in the first half of an NBA playoff basketball game in Atlanta. A person with knowledge of the situation told The Associated Press on Sunday, July 2, that Paul Millsap has agreed to terms with the Denver Nuggets on a three-year deal worth $90 million. The person spoke on condition of anonymity because the contract cannot be signed until Thursday. (AP Photo/John Bazemore)

The first wave of this summer's NBA free agency has come and gone. The biggest names of the offseason — Paul George, Chris Paul and Jimmy Butler — have found new teams via trade, but free agency hasn't been short on some moving and shaking. Some teams have drastically improved since midnight on July 1, while others are playing catch-up.

Some big names are still available, but as we shift into the fifth day of free agency, we take a look at some of the winners and losers thus far.

BEST GETS

Gordon Hayward, Celtics

This one is the most obvious, as the former Utah Jazz forward was one of the most sought after names on the open market. In Hayward, who picked Boston over Utah and Miami, the Celtics get another All-Star entering the prime of his career to play alongside Isaiah Thomas and Al Horford. The Celtics now possess the star power, depth, versatility and youth to get them closer to competing with the Cavaliers next season and beyond.

Paul Millsap, Denver Nuggets

Millsap's signing flew under the radar a bit, but should certainly not be ignored. While he is 32, Millsap is a strong, veteran addition to a young Nuggets team, who could help it reach the Western Conference playoffs. The Nuggets did lose Danilo Gallinari, but with a frontcourt that boasts Millsap and Nikola Jokic, and a wealth of youth surrounding them, the Nuggets are suddenly a bit more intriguing.

BIGGEST WINNERS

Golden State Warriors

This almost goes without saying, but it's worth noting the defending champions didn't get worse. They're bringing the band back together after signing Stephen Curry to a record contract, Kevin Durant took less money to make the money work and Andre Iguodala is coming back after meeting with other teams. And just for kicks, they added Nick Young on Wednesday to improve their depth even more.

Toronto Raptors

After flirting with other teams, point guard Kyle Lowry is returning to Toronto, and the Raptors also re-signed Serge Ibaka. Those moves will help the Raptors — who also still have DeMar DeRozan — continue to be a contender in the East, which has worsened as a conference with the departures of George, Butler and others.

BIGGEST LOSER

Atlanta Hawks

Two years ago, the Hawks were a 60-win team and in the Eastern Conference Finals. Now, no players remain from the starting lineup of that team. Millsap is gone to Denver, and Dwight Howard, who spent just last season with the club, has also been shipped out. The Hawks are in dire straits and suddenly in a complete rebuild mode.

MOST IMPROVED

Minnesota Timberwolves

It wasn't enough that the Timberwolves added Butler in a draft night blockbuster trade. After swinging that deal, the Wolves added two more quality pieces in free agency by signing point guard Jeff Teague and veteran forward Taj Gibson. The West is loaded, but with a trio of Butler, Andrew Wiggins and Karl-Anthony Towns, plus a growing surrounding cast, the Wolves could start making some noise.

LEAST IMPROVED

Cleveland Cavaliers

After bowing out in five games to Golden State in the NBA Finals, it was clear the Cavs needed to have a good offseason if they want to compete for a title next year, but the defending East champs are in neutral right now. They re-signed Kyle Korver — a necessary move — but haven't done much else. They signed Jose Calderon to a one-year veteran's minimum contract, but that's not going to make them significantly better. The offseason is far from over — and there have been rumblings of a potential trade for Carmelo Anthony — but so far, they've come up empty. And they still don't have a GM. They're not off to a good start.

TEAM ON THE RISE

Sacramento Kings

The Kings, in a way, are starting from scratch after trading DeMarcus Cousins last season, and they're quietly off to an intriguing start as they reload. They drafted a collection of promising youth in De'Aaron Fox, Justin Jackson and Harry Giles, and then followed that up by signing solid veterans in George Hill and Zach Randolph. It will be a while before the Kings are a factor, but they've made significant steps in the right direction this offseason.